Welcome to our dedicated page for Varonis Sys news (Ticker: VRNS), a resource for investors and traders seeking the latest updates and insights on Varonis Sys stock.
Varonis Systems, Inc. (Nasdaq: VRNS) is a leading provider of data security and access governance solutions. Founded in 2004 and headquartered in New York, Varonis specializes in protecting the fastest-growing and most sensitive class of digital information: human-generated data. The company's innovative Data Security Platform combines advanced analytics with automated security measures to offer comprehensive data protection across various environments, including on-premises, SaaS, IaaS, and hybrid clouds.
Varonis empowers organizations to maintain total visibility and control over their data, ensuring that only authorized users can access critical information while monitoring and flagging any misuse. The company's patented technology and highly accurate analytics engine enable seamless digital collaboration, making it effortless and secure for users to create, share, and manage content.
As part of its ongoing cloud transition, Varonis has been focusing on migrating its on-premises customers to its cloud-native solutions delivered as Software-as-a-Service (SaaS). This strategic shift aims to provide more scalable and flexible data security options for organizations worldwide.
Varonis' portfolio includes solutions for data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), and insider risk management. The company's commitment to innovation is evident in its recent advancements in AI-powered automation, particularly with the introduction of Varonis for Microsoft 365 Copilot, which enhances AI security and compliance.
The company has garnered numerous accolades for its continuous innovation and effective security solutions. Notably, Varonis was honored for the sixth consecutive year by CRN’s Security 100 list, which recognizes top-tier companies providing groundbreaking security offerings. Additionally, the Varonis Data Security Platform received the Best DSPM award from Cyber Defense Magazine's Global InfoSec Awards.
Varonis engages with its clients through various channels, including its extensive network of channel partners and in-person events like Varonis Connect! These events provide valuable insights, educational sessions, and networking opportunities for security and risk executives.
Organizations worldwide trust Varonis to safeguard their data, automate security outcomes, and ensure compliance with evolving privacy regulations. By focusing on protecting data first, Varonis helps customers prevent data breaches and secure their most valuable assets. For more information, visit www.varonis.com.
Varonis Systems, Inc. (Nasdaq: VRNS) has announced it will report its fourth quarter and full-year 2020 financial results after the U.S. markets close on February 8, 2021. In conjunction with this announcement, a conference call will take place at 4:30 p.m. Eastern Time the same day, where financial results will be discussed. Investors can access the call via phone or through a live webcast on the company's Investor Relations page. A replay will be available until February 15, 2021.
Varonis Systems (Nasdaq: VRNS) has achieved Common Criteria certification from the National Information Assurance Partnership (NIAP), validating the security of its Data Security Platform for use in U.S. national security systems. This certification underscores Varonis' commitment to protecting sensitive data amid rising cybersecurity threats. The certification, valid for two years, confirms compliance with high security standards and enhances the company’s credibility among government clients, supporting their Zero Trust strategy for data protection.
Varonis Systems (Nasdaq: VRNS) will participate in multiple virtual conferences in December 2020, showcasing its focus on data security and analytics. Key events include the Nasdaq 43rd Virtual Investor Conference on December 1 at 10:30 am ET, the UBS Global TMT Virtual Conference on December 7 at 11:10 am ET, and the Barclays Global Technology, Media and Telecommunications Conference on December 9 at 10:00 am ET. Presentations will be available via live webcasts on Varonis' Investor Relations page.
Varonis Systems (Nasdaq: VRNS) announces its participation in two upcoming virtual conferences. The RBC Capital Markets Global Technology Conference is set for November 17-18, 2020, with a presentation at 10:00 am ET on November 17. Concurrently, the Needham & Company Security Conference is also scheduled for November 17, starting at 1:30 pm ET. Both presentations will be webcast live and available on the Varonis Investor Relations site. The company, a leader in data security analytics, focuses on protecting sensitive enterprise data and addressing insider threats.
Varonis Systems reported a 17% increase in total revenues for Q3 2020, reaching $76.8 million, with subscription revenues up 89% to $44.1 million, making up 99% of total license revenues. The company achieved annual recurring revenues of $261.1 million, a growth of 46% year-over-year. Varonis announced plans to acquire Polyrize to enhance its Data Security Platform, targeting additional cloud applications. Although there was a GAAP operating loss of $16.5 million, non-GAAP operating income stood at $3.1 million.
Varonis Systems (Nasdaq: VRNS) announced its participation in the upcoming NetApp INSIGHT virtual event series, taking place from October 26 to 29 across different regions. Attendees can expect a live Q&A and demonstration of Varonis' Data Security Platform, which enhances data protection for hybrid cloud systems against ransomware and insider threats. The event will also feature insights into Emotet infections and preventive measures. Furthermore, giveaways such as Apple AirPod Pros are available for participants engaging with Varonis experts.
Varonis Systems, Inc. (Nasdaq: VRNS) has announced it will report its 2020 third quarter financial results after U.S. market close on October 26, 2020. A conference call to discuss these results is scheduled for the same day at 4:30 p.m. ET. Investors can access the call by dialing 877-425-9470 domestically or 201-389-0878 internationally, with a conference ID of 13708857. A replay will be available through November 2, 2020. Varonis specializes in data security and analytics, focusing on protecting sensitive enterprise data and detecting insider threats.
Varonis Systems (Nasdaq: VRNS) will participate in the virtual Gartner Security & Risk Management Summit 2020 from September 14-17. Attendees can engage in live chats, schedule individual meetings, and view product demos in the Engagement Zone.
Varonis highlights include its Data Security Platform, which excels in risk detection and compliance monitoring. The platform has received top ratings on Gartner Peer Insights. Attendees can also win gift cards through participation in live chats.
Varonis Systems, a leader in data security, announced its participation in two upcoming virtual conferences. The D.A. Davidson 19th Annual Software and Internet Conference is on September 9, 2020, at 2:15 p.m. ET, followed by the Jefferies Software Conference on September 14-15, with Varonis presenting on September 14 at 11:30 a.m. ET. Live webcasts of the presentations will be available on the Varonis Investor Relations website, with archives accessible for a limited time post-conferences.
Varonis Systems (Nasdaq: VRNS) has been recognized as a 2020 Gartner Peer Insights Customers' Choice for File Analysis Software, receiving 145 verified five-star reviews, the most in the category. According to the report, 87% of Varonis customers would recommend its Data Security Platform, with a service and support score of 4.6 out of 5. The platform achieved the highest all-time ranking for five-star reviews on Gartner Peer Insights as of June 2020. Varonis emphasizes its role in data risk assessment and threat detection, aiding organizations in safeguarding sensitive data.
FAQ
What is the current stock price of Varonis Sys (VRNS)?
What is the market cap of Varonis Sys (VRNS)?
What does Varonis Systems, Inc. specialize in?
When was Varonis founded and where is it headquartered?
What is the Varonis Data Security Platform?
What are some of Varonis' key solutions?
How does Varonis help organizations ensure data security?
What is Varonis' recent innovation in AI security?
What awards has Varonis received for its security solutions?
How does Varonis engage with its clients?
What is the focus of Varonis' cloud transition?
Where can I find more information about Varonis?
